Lawmakers Threaten to Block Trump's Powell Replacement: 'Abusing the Law'

Democrats from both chambers, and a select few Republicans, have criticized President Donald Trump for launching a probe into Federal Reserve Chair Jerome Powell, with some saying they will oppose the president's nomination of his replacement until the issue is resolved.

On Sunday, Powell confirmed that the central bank received grand jury subpoenas from the Department of Justice (DOJ) on Friday, threatening an indictment related to his testimony in the summer about ongoing renovations to the Fed's historic office buildings in Washington, D.C.